Sta. Lucia Land, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 19, 2020 at 06:43 pm
Share
Sta. Lucia Land, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net income was PHP 522.808 million compared to PHP 173.461 million a year ago. For the nine months, total revenue was PHP 4,536.268 million compared to PHP 5,741.703 million a year ago. Net income was PHP 1,280.342 million compared to PHP 1,057.205 million a year ago. Basic earnings per share from continuing operations was PHP 0.14 compared to PHP 0.11 a year ago.
Sta. Lucia Land, Inc. is a Philippines-based developer of residential communities, with a portfolio consisting of developments that include residential, commercial, and retail assets. Its segments include Leasing and Residential Development. The Leasing segment consists of the investment properties, which includes properties held to earn rentals and are not occupied by the Company. The Residential Development segment is engaged in the development and selling of subdivision lots and condominium projects across the Philippines. Its residential projects include horizontal developments, which consist of residential lots for sale in gated subdivisions complete with facilities and amenities; and vertical developments, which comprises townhouse projects, condominium projects and condotel projects. Its commercial properties include malls, business centers, and commercial lots. Its townhouse projects consist of residential housing units, including independent and identical houses.
STA. LUCIA LAND, INC. 